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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26386370 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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August 06, 2014, 05:59:51 AM


Explanation
Davyd05
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August 06, 2014, 06:11:45 AM

Another day goes by and the accumulation rolls on.
ChartBuddy
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August 06, 2014, 06:59:51 AM


Explanation
ErisDiscordia
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Imposition of ORder = Escalation of Chaos


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August 06, 2014, 07:49:55 AM

An anonymous benefactor wrote up a trading algorithm for the unbanked ATM concept. Still needs to some work, but the basic concept appears to be sound:

https://gist.github.com/anonymous/e1f2dfb2b5b8d8a87aec

Following with great interest!
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August 06, 2014, 07:59:50 AM


Explanation
solex
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100 satoshis -> ISO code


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August 06, 2014, 08:04:13 AM

An anonymous benefactor wrote up a trading algorithm for the unbanked ATM concept. Still needs to some work, but the basic concept appears to be sound:

https://gist.github.com/anonymous/e1f2dfb2b5b8d8a87aec

Following with great interest!

Until now, I just assumed this idea was wishful hype.  But after reading JR's article I can see that it is genius, and must be the route forward for all Bitcoin ATMs in the future.
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August 06, 2014, 09:00:01 AM


Explanation
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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀


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August 06, 2014, 09:26:45 AM

Another day goes by and the accumulation rolls on.

We daily think that accumulation going on, but we can't say surely because it's too long now.
We are stuck between 540 to 660, and this very big range.
Marbit
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August 06, 2014, 09:29:35 AM

Another day goes by and the accumulation rolls on.

We daily think that accumulation going on, but we can't say surely because it's too long now.
We are stuck between 540 to 660, and this very big range.

I'd say the range is more like 540 to 620. Breaking the 620 level will be significant. I'm pretty sure someone is accumulating -- that Huobi bid whale. Not sure what everyone else is doing.. Smiley
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August 06, 2014, 09:32:31 AM

Another day goes by and the accumulation rolls on.

We daily think that accumulation going on, but we can't say surely because it's too long now.
We are stuck between 540 to 660, and this very big range.

I'd say the range is more like 540 to 620. Breaking the 620 level will be significant. I'm pretty sure someone is accumulating -- that Huobi bid whale. Not sure what everyone else is doing.. Smiley

People accumulating are thanking their respective deities on their bare knees Bitcoin isn't rallying yet.
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August 06, 2014, 09:34:01 AM

An anonymous benefactor wrote up a trading algorithm for the unbanked ATM concept. Still needs to some work, but the basic concept appears to be sound:

https://gist.github.com/anonymous/e1f2dfb2b5b8d8a87aec

Following with great interest!

Until now, I just assumed this idea was wishful hype.  But after reading JR's article I can see that it is genius, and must be the route forward for all Bitcoin ATMs in the future.

Me too. I thought this is not a big deal, but now, after I read the article, it seems that it could be. Absolutely fascinating!
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August 06, 2014, 09:37:45 AM

Another day goes by and the accumulation rolls on.

We daily think that accumulation going on, but we can't say surely because it's too long now.
We are stuck between 540 to 660, and this very big range.

I'd say the range is more like 540 to 620. Breaking the 620 level will be significant. I'm pretty sure someone is accumulating -- that Huobi bid whale. Not sure what everyone else is doing.. Smiley

People accumulating are thanking their respective deities on their bare knees Bitcoin isn't rallying yet.

(Raises hand)

Though I'm in far enough now that I'm happy whichever direction this wants to go. In it for the long haul, anyhow.... Smiley
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August 06, 2014, 09:38:18 AM

I'm ready to see some walls like this.



It is NOT very uncommon to see the dollar equivalent of that kind of wall, which would represent a wall of about 3,200BTC in today's dollars.

180,000 BTC is a lot but at $10.70 a shot, it is less than $2 million... There is way more money and people and institutions into BTC these days, so in that regard, I would NOT be surprised to see 5K-ish wall from time to time...

More and more money coming into BTC all the time... fuck the small-time history of BTC.. he he he he ..     It seems like in the coming 6-12 months, we, in the BTC world, are gonna be moving into bigger times... Hold on to your hats.   Cheesy
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August 06, 2014, 09:41:23 AM

So.... I sold a few dollars above this level. And I'm getting kinda nervous. How many people like me do you think there are, waiting to get back in? Cheesy


NOT a great position to be in.... I sleep much better in BTC... ... but you may get lucky... maybe we will hit $563-ish within the week?  I would be nervous too... I am nervous whenever i sell BTC.. and that is why I do NOT sell too much.. maybe I wont be selling until $800-ish... or I may wait until $3k-ish
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August 06, 2014, 09:43:15 AM

It is NOT very uncommon to see the dollar equivalent of that kind of wall, which would represent a wall of about 3,200BTC in today's dollars.

When was the last time you saw a 3,200BTC wall? I recall that 10,000 wall that pushed down and eventually market sold half in the 500s on Stamp ~ February.

There's these Huobo walls I guess. But I dunno if I would call it common.
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August 06, 2014, 09:44:38 AM

So.... I sold a few dollars above this level. And I'm getting kinda nervous. How many people like me do you think there are, waiting to get back in? Cheesy


NOT a great position to be in.... I sleep much better in BTC... ... but you may get lucky... maybe we will hit $563-ish within the week?  I would be nervous too... I am nervous whenever i sell BTC.. and that is why I do NOT sell too much.. maybe I wont be selling until $800-ish... or I may wait until $3k-ish

I've bought back 30% at $578.xx so I have a bit of cushion. Price alarms on. Grin
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August 06, 2014, 09:59:52 AM


Explanation
JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"


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August 06, 2014, 10:09:24 AM

It is NOT very uncommon to see the dollar equivalent of that kind of wall, which would represent a wall of about 3,200BTC in today's dollars.

When was the last time you saw a 3,200BTC wall? I recall that 10,000 wall that pushed down and eventually market sold half in the 500s on Stamp ~ February.

There's these Huobo walls I guess. But I dunno if I would call it common.

I may NOT be a sufficiently dedicated "wall observer" to have enough history watching the day to day walls (and how long they stay up); however, frequently we can add up the walls to see quantity reaching 10k btc... and especially if we combine exchanges...  I guess that I am just NOT that impressed with claims of "the good ole days" of higher volume b/c trading is going on in much more dispersed ways, and NOT just on a small number of exchanges (such as one major exchange,  MT. Gox)....
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August 06, 2014, 10:25:44 AM

good news = price drop #logic
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August 06, 2014, 10:34:49 AM

Can someone please explain the significance of BTC-E being > Bitstamp?

Unfounded speculation: Someone has tried to buy bitcoins with a large stash of fiat the latest days, and is frustrated how quickly the price rises as a consequence (maybe selling again, to try another angle). So, since bitstamp is currently the reference (although not the largest) bourse, the current strategy is to buy at other bourses to delay the effect of that buying.
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